What North Korean Cannot Do, Our Side Could, (And Did(?))! 291,493,263 Exemptions Gone In A Flash!

mascale

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Feb 22, 2009
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The Raise of the Standard Deduction in the Socialist Subsidy For The Already Stimulus EnRiched--extracted at the gunpoint of Federal Enforcement--actually combines the former tax exemptions and standard deduction into just the standard deduction.

In the name of Tax Simplification: One or more checkmarks are lifted from the tax forms, and billions of dollars are lifted from the checkbooks and paychecks of the 99% of taxpayers. Gone are 291,493,263 exemptions and more--and counting--that were taken for Tax Year 2015, or so, (IRS).

Even North Korea cannot match that!

People can claim the Additional Child Tax Credit--actually called that--which is refundable and further helps off-set the regressive Payroll Tax: First done with the Earned Income Credit.

Of Ancient History, Moses alleged that a deity prohibited fixed percentage usury computing in all of Israel. Instead it was to be applied to all of the foreign, (Deut 23:19-20). Moses was an educated man, skilled in all the conquering and denigrating arts of Imperial Egypt (Acts 7:22). A legendary Prince of Legend(?): Arithmetic denigration was likely even approved in the Heavens of Pharaoh. Likely therein was the role model for the Heavens of Sinai. (Many would call Egyptians, "Arabs(?):" Not that smart(?)!)

Fiction aside, likely some Greek explained, finally, actual computing to the World Famous Nazarene of the New Testament. The usury computing is shown in Matthew 25:14-30. The rich get more, the poor get foreclosure. An alternative is like an equal refundable amount tax credit, shown in Matthew 20:1-16.

If a rectangle is thought a giant box of credit, (money from its actual source), and the usury a diagonal from the lower left to the upper right--the equal amount can be shown a line in the middle: Perpendicular to the left and right sides. The people below a certain point on the diagonal start to prosper using the equal amount. Usually that would be taken from the people above the certain point.

The Federal Reserve keeps track of the Total Credit Market. Bureau of Commerce used to keep track of "Total Net Debt," taken away like some other Cheshire "Flash(?)" in the Carter Administration, (maybe even way more English about it)! (Keynes is notoriously of an alternative life-style!)

The additional, refundable child tax credit, under the New Tax Plan, is $1400 per. Senator Rubio got that increased from $1100.00. The Obama Make Work Pay Refundable Credit had been $400 per adult filers. That really crawled up the Income Scale ladder: The left side of the rectangle.

Any lack of clarity aside, there is something mildly bi-partisan under way. Go back to the rectangle. Total Net Debt is about double Personal Income--thought of as raises of income, using the usury, fixed percentage/indexing raise computing. Bankers see a thriving economy--and lend way more, including to lenders who lend way more. On the right side of the diagonal, there is "Income Support" deficit spending. Those are the roads and tanks and nukes that keep all Americans purring at night(?). The rules of that debt are not quite the same as for the other lenders. As that credit increases, then Total Net Debt flows into quadrants outside the rectangle. There is nothing there to pay, or amortize it.

So by 2008, there were easily six full quadrants of credit. In came the other credit to amortize it. Senator Biden had already complained that the war spending in Iraq had gone to everyone except the actual boots on the ground. Equipment shortages were rife.

The Obama tax credit was taken away after the Republicans won the Midterms, 2010--first thing 2011.
Not much growth of household prosperity would be noted to be happening.

It would be Donald Trump years later who promised spending for high-paying jobs.


None of that is scheduled. The federal deficit amortization money is flowing. No projects are scheduled.
China will own more paper increasingly worthless. The amortization money is doing nothing productive.

"Money" actually now comes more from credit, as opposed to any mythology in the sky.

Some people tend to hope it stays in the sky, it is being shown. Even Las Vegas went into a foreclosure crisis. None of it stayed there, clearly. The President of the United States seems to know this--who will get more!

"Crow, James Crow: Shaken, Not Stirred!"
(Great White Yellow Hair In Washington: Maybe Can't even smoke any credit(?)! How valuable is that(?)! Many find smoke of plastic noxious and lethal!)
 
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